Fiera Capital Corp. to Wind Down Canadian Fixed Pay and Short-Term Bond Funds
- Fiera Capital is terminating the imaxx Canadian Fixed Pay and Short Term Bond Funds effective November 28, 2025.
- Unitholders can redeem investments without fees until the Termination Date, emphasizing client support during the transition.
- The funds are closed to new purchases, reflecting Fiera's focus on client service and reassessing fund offerings.
Fiera Capital to Wind Down Canadian Fixed Pay and Short-Term Bond Funds
Fiera Capital Corporation, a leading independent asset management firm based in Montreal, announces the termination of its imaxx Canadian Fixed Pay Fund and imaxx Short Term Bond Fund, effective around November 28, 2025. This strategic decision allows unitholders to redeem their investments until the close of business on the Termination Date, with Fiera waiving any applicable short-term trading and redemption fees. This move reflects Fiera's commitment to maintaining client relationships and ensuring a smooth transition for investors impacted by the fund closures.
As the termination approaches, Fiera Capital cautions that the funds may diverge from their stated investment objectives. This is particularly relevant for existing unitholders, as those who do not redeem their units by the Termination Date will receive proceeds based on the net asset value per unit multiplied by their respective holdings. It underscores the importance for investors to stay informed and act promptly if they wish to liquidate their positions before the discontinuation of the funds. The firm’s proactive communication strategy aims to mitigate confusion and assist clients in navigating this significant change.
The imaxx funds had already been closed to new purchases, including those through pre-authorized contribution plans, signaling a progressive winding down process. Fiera Capital's focus on client service and sustainable wealth creation remains paramount as it reassesses its fund offerings. The firm continues to provide tailored multi-asset solutions while ensuring that clients across North America, Europe, and key markets in Asia and the Middle East receive exceptional service.
In addition to the fund closures, Fiera Capital maintains its global presence, with operations in major financial hubs including New York, London, Hong Kong, and Abu Dhabi. The firm emphasizes a commitment to delivering innovative investment solutions while adhering to regulatory frameworks, especially regarding its investment advisory services. While Fiera does not provide investment advice directly to U.S. clients, it partners with registered affiliates to navigate market complexities effectively.
As Fiera Capital moves forward, it remains dedicated to fostering trust with its clients and adapting to changing market conditions, ensuring that it continues to meet the evolving needs of its diverse investor base.